5 Dividend Stocks With Growth Potential

In this article, we will be taking a look at 5 dividend stocks with growth potential. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks With Growth Potential.

5. Hormel Foods Corporation (NYSE:HRL)

Number of Hedge Fund Holders: 29

Dividend Yield: 2.4%

Number of Years of Dividend Growth: 21

Hormel Foods Corporation (NYSE:HRL) is a food processing company based in the US and founded in 1891. The company is among the best dividend stocks with the potential to grow, with JPMorgan analysts predicting the company’s operating margin to benefit from price increases.

In October, JPMorgan’s Thomas Palmer upgraded Hormel Foods Corporation (NYSE:HRL) shares from Underweight to Neutral.

The fiscal third quarter of 2021 showed an EPS of $0.32 and a revenue of $2.86 billion, beating estimates by $137.54 million, for Hormel Foods Corporation (NYSE:HRL).

In the third quarter, 29 hedge funds held stakes in Hormel Foods Corporation (NYSE:HRL), worth $476 million. In the second quarter, 24 hedge funds held stakes in the company worth $562 million.